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Revenue of $1,774,519 for the year ended December 31, 2016, compared to $4,888,302 for the year ended December 31, 2015 (2015's revenue included a $4 million one-time patent sale transaction).

Operating expenses for the twelve months ended December 31, 2016 were $7,990,1810, a 22% decrease compared to $10,207,341 for the same period in the prior year. The decrease was primarily a result of cost containment and prudent oversight of operational expenses including consulting fees, legal fees, business travel, and other general expenses.

A 34% decrease in net loss to $7,730,235 for the twelve months ended December 31, 2016 compared to a net loss of $11,733,549 for the same period in the prior year.

Inventergy's Chief Executive Officer Joe Beyers commented, "2016 was a transitional year for the Company as we made strategic initiatives to position our business for long-term growth. We established Inventergy Innovations as the cornerstone of our new model going forward, and entered into seven agreements with technology partners looking to tap into our unique IP monetization investment network. Also in 2016, we signed a restructuring agreement with DBD Credit Funding, LLC ("DBD"), setting the stage for a substantially debt-free balance sheet. Under this agreement, we are contributing our portfolio of 740 telecommunications patents to a special purpose entity, called INVT SPE LLC, which will be managed and controlled by DBD and from which Inventergy will share in residual patent monetization revenues, after contractual and priority payments as called for under the agreement. We are excited by what the future holds and will continue working diligently to advance our strategic roadmap and drive value for our shareholders."

About Inventergy Global, Inc. Inventergy Global, Inc. (NASDAQ: INVT) is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing the patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy Global, visit www.inventergy.com.

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